HB2144

Increases the one-time death benefit payment for Missouri Public School Retirement System members to $10,000 for deaths on or after August 28, 2026.

Missouri HB2144 amends the Public School Retirement System (PSRS) to increase the one-time death benefit payment to $10,000 for retiree member deaths occurring on or after August 28, 2026. Previously, the death benefit was $5,000 for deaths occurring on or before August 27, 2026. This change applies to members who die before receiving a retirement allowance, affecting their beneficiaries or surviving family members. The bill specifies the order of precedence for payment distribution among surviving relatives or the estate of the deceased member.